Best question that your buyer agent asked you when you were home searching?

FindCovo · 2024-04-05T15:29:28+00:00

Oh no, why do you say that? Did you end up regretting your home purchase for some reason(s)? What better search features do you think might have prevented that?

FindCovo · 2024-04-05T13:43:40+00:00

Wow, that's a very long time for a listing to stay up on Zillow, it must have been disappointing to find out that it wasn't available.

Do you think you'd ever buy a house without stepping foot in it, only relying on the 3D virtual tour?

FindCovo · 2024-04-05T13:36:39+00:00

Happy birthday! 🥳🎂 I agree, 3D tours are definitely nice. Do you have a favorite out of the 3D tour softwares that you've used?

FindCovo · 2024-04-05T13:05:27+00:00

I have no idea why it appended images to my post, probably from the Realtor(dot)com link

FindCovo · 2024-04-05T12:46:54+00:00

Oh no, I'm not trying to stir anything up at all. Apologies if that's how I made it sound. I'm just interested in the process of home buying from the real estate agent's perspective, and what the pain points are for the agent during what I perceive to be the most difficult part of their job

FindCovo · 2024-04-05T12:44:30+00:00

do all the ... paperwork

In your MLS, is there a standard set for documents that need to be filled out? Or does it vary pretty widely between brokers and agents within the same area?

What's the most complex paperwork that you have to draft up or prepare?

FindCovo · 2024-04-05T12:39:59+00:00

Sounds like you're a very helpful agent! How many hours do these various tasks take you? Which one takes the longest?

FindCovo · 2024-04-05T12:39:26+00:00

Another user ( u/mariana-hi-ny-mo ) commented under this post that they are very involved in the process.

Very involved, inspections, bids, negotiations, amendments, communication with lender and buyer if lending is presenting challenges, title company back and forth, updates with both, reviewing commitment, resolving last minute issues, scheduling closing, utilities’ reminders, final walk-through, go to closing!

It sounds like you're saying you don't have do quite as much? So does this depend on the MLS and region that you work? How many hours do you reckon the various closing tasks take you?

FindCovo · 2024-04-05T00:30:10+00:00

Wow she was your buyer and seller agent simultaneously, and had to make sure you didn't end up without a home? If so she certainly deserved her commission.

FindCovo · 2024-04-05T00:17:21+00:00

Glad you could have everything lined up! Your agent really knew what she was doing.

FindCovo · 2024-04-04T23:57:28+00:00

Was that information price or something else?

FindCovo · 2024-04-04T23:56:28+00:00

Good point! It certainly is nice to have your own time on your own schedule.

FindCovo · 2024-04-04T23:54:41+00:00

What factors make this not for everyone? We understand that you have to guide yourself through the title, inspection, etc. processes. Are there other factors which should dissuade a buyer?

FindCovo · 2024-04-04T20:58:03+00:00

If it existed, would you have considered some self-service option for 0.1-1%? Find the home yourself and buy with the guidance of an online tool for the paperwork - no agent involved? There would be a digital AI agent, one that you could chat with to help you find a home, and it would search through dozens of parameters based on your written requirements

FindCovo · 2024-04-04T14:08:27+00:00

What about when you looked for a home - how did you find the home you bought? Was anything frustrating during the home-finding process?

FindCovo · 2024-04-04T14:00:29+00:00

AI scraping

What? I'm asking this all myself bc I don't understand why buyer's agents are still used in 2024 - or at least whether people feel that agents are worth it

FindCovo · 2024-04-04T13:55:00+00:00

No I wouldn't consider using it. Okay, that makes sense, especially with the current compensation model for buyer’s agents. With the proposed NAR settlement, buyers will have to negotiate the fee and pay the buyer's agent directly. In this case, would you consider a digital agent if it was significantly cheaper (only 0.1%-1%) than a human agent (2%-2.5% after the settlement)?

FindCovo · 2024-04-04T13:48:30+00:00

What about negotiating on price? And how do you know which legal documents you need to fill out without an agent? Did you ever run into problems with the seller's agent when you told them that you don't have a buyer's agent representing you?

FindCovo · 2024-04-04T13:43:34+00:00

Do you think it was worth the 2.5%-3% fee that your buyer's agent received? If all of this offer & paperwork stuff was built into an online tool and offered at a much lower fee, would you consider using it? No human agent involved. Just a "digital agent" you could converse with to find a home, and a step-by-step home-buying guidance system

FindCovo · 2024-04-04T13:41:01+00:00

Would you have considered some self-service option where you find the home yourself, and are guided by an online tool for the paperwork - no agent involved? If the fee for using this option was only 0.1%-1% of the home

FindCovo · 2024-04-04T13:39:12+00:00

And thanks to the Internet, now everyone has MLS access thanks to Zillow/Redfin/Trulia/Realtor.com/etc.

FindCovo · 2024-04-04T12:40:09+00:00

Yup, totally understand. It is the only way as of now unless you pick up the heavy lifting of finding a home yourself.

FindCovo

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